As per the survey by Frost and Sullivan: GPS tracking system can increase your fleet’s productivity by 10-15% and vehicle utilisation by 15-20%, respectively. They can also cut the fuel usage by 20-25%, the idle time by 20-30%, the miles driven by 5-10%, and overtime reduction by 10-15%.
It is estimated that these GPS Vehicles Tracking System save each driver 30 minutes of labour time per day. In addition, GPS tracking systems for fleet have further benefits keeping aside saving money and maximising vehicle efficiency.
Before we can fully understand what GPS-based commercial fleet tracking solution, we need to know what vehicle telematics is.
GPS Tracking System: Vehicle Telematics Innovation
The term “telematics“ refers to a “crash-resistant black box” that collects and processes data transmitted wirelessly and is thus more advanced than broadcast radio. Standard fleet telematics have changed over time to include a cellular data modem, GPS, a backup battery, and sensor connections. Consequently, digital telematics have developed as a result of this.
Top 5 Digital Logistics Trends Transforming Transportation Industry in 2022
Vehicle Telematics makes your fleet safer, keeps you from getting lost, lets you call roadside assistance with the push of a button, routes you around traffic and congestion, automatically calls emergency support if vehicle met with an accident.
GPS tracking is an important part of Vehicle telematics, and is the technology behind today’s smart fleet management systems.
Powering fleets of All Sizes
GPS vehicle tracking systems are easy to integrate with bigger or smaller vehicles, so they can work for fleets of any size or type. Whether you run a service business with 10 vehicles or less, a state-wide public agency with thousands of cars, trucks, and assets in the field, or something in between, you can control costs and run your whole fleet more efficiently while keeping costs down.
SMART Fleet Management System
Fleet management systems that use global positioning satellite (GPS) technology to monitor each vehicle’s telematic data can do a number of useful things, including:
- making sure drivers aren’t doing anything dangerous like speeding or harsh braking;
- lowering emissions and meeting other environmental goals;
- route drivers more efficiently to improve customer service and on-time deliveries,
- increase revenue by taking on more business without adding drivers or vehicles, and
- gain a competitive advantage by improving overall fleet performance.
Engine diagnostic tools (OBD), GPS, IoT devices and sensors, and 4th generation data networks are all examples of the telematics that make up today’s smart fleet management systems.
Application of GPS Tracking System
- Real Time Vehicle Tracking: Using a compatible adapter installed beneath the driver’s seat, a GPS device in the vehicle continuously monitors location data, such as the vehicle’s precise coordinates, speed, and other performance metrics, and uploads this information to the cloud via an internet connection. Using a smartphone or online app, anyone with access to the cloud will be able to track the location and speed of the vehicles in real time. Push notifications for vehicle and performance alerts helps in detection of driver’s who exceeds the speed limit or any other incidents leading to accidents.
- GPS & IoT based Asset Trackers: Asset tracking is as crucial as vehicle tracking for logistics companies. With GPS and Internet of Things (IoT) devices and sensors installed in and around fixed and mobile assets like trailers, generators, and other large pieces of equipment, logistics companies can track the location of their assets in the field or on the road in real time.
- Performance Tracking: Along with the usual GPS data, on-board diagnostics also keeps track of and reports on things like fuel efficiency, pollution, and other engine and vehicle performance indicators in real time. A fleet operator can save money on fuel by rerouting trucks from route B to route A if he or she discovers that the vehicles are using more fuel on route B. In addition, it can distinguish between a good driver and a bad one using Driver Scorecard integrated in SMART Fleet Telematics powered by Axestrack.
- Data Analytics: In addition to the data that is sent in real time to the GPS fleet/ performance or asset tracking system, heaps of data is stored both on the vehicles and in the cloud. Even though a layman will not understand the data and will get rid of it to make room for more, tabulated data can give interesting information about a fleet’s operation. The data can be tabulated by modern analytics software, which then shown in graphical presentation depicting the growth or fall of your logistics operations. For instance, how much fuel your fleet used last month compared to this month.
- Real-Time Alerts Forcing Immediate Action: In order to enhance the momentous view of the status of fleet vehicles and their drivers, GPS Tracking System provide real-time notifications that allow fleet managers to bring pending management decisions to the table immediately. For instance, if a vehicle in a fleet is speeding significantly above the allowed limits, the GPS tracking system will send an alert to the fleet manager’s mobile app so he or she may take immediate action like immobilizing the engine. Similarly, these notifications can be customised in other ways.
- 3rd Party Integrations: It help GPS fleet management systems analyse data better than its manual counterparts. These extended competencies give a more detailed and sophisticated view at what each vehicle is doing and where it is. By showing the right information at the right time, GPS tracking systems give fleet owners a lot of control over their fleet’s routine. This lets them make smart moves to cut costs, improve operational efficiency, and boost productivity.
Fleet Management Transformed
Half of a typical fleet’s operating costs are attributable to fuel and salaries, while the other half includes expenses like repairs, maintenance, emissions checks, insurance, and more. This is according to research conducted by Frost & Sullivan.
The price tends to go up a lot. By reducing fuel consumption by 15 percent and maintenance time by 10 to 15 percent, a telematics system that includes a GPS, IoT, and OBD unit may take vehicle utilisation and productivity to the next level. The result is that fleet management firms can increase profits while maintaining the same size of fleet. Their drivers are more likely to be cheerful and alert. Lower insurance premiums and lower costs for predictive maintenance chores have resulted in cost savings for the fleet company.
Many companies in the logistics and supply chain industries are already taking advantage of this cost-effective solution thanks to Axestrack’s GPS vehicle tracking system. Greenhouse gas emissions are reduced, driver safety is enhanced, improves customer service, and more thanks to the smart fleet management solution. Eventually, the system will cause a shift in how fleets are managed, with the end goal of reducing expenses and increasing efficiency.
